Los Angeles-based cannabis firm Cannabis Strategic Ventures
Inc. (OTC: NUGS) this morning announced plans to break ground on a six-acre
canopy cultivation site in Northern California which will be known as The NUGS
Farm. Per the update and complementary to this land acquisition, Cannabis
Strategic Ventres has obtained over 20 licenses for cannabis manufacturing,
distribution and cultivation from the State of California. “Establishing The
NUGS Farm and securing these licenses are significant milestones for Cannabis
Strategic Ventures. We are proud of what we have accomplished at this stage of
the company,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news
release. “As the cannabis industry expands, and as we work to make cannabis
legal on a federal level, Cannabis Strategic Ventures will be in position to
touch on all areas of cannabis production… They say that the way California
goes, the direction of the country goes. We are optimistic that federal
regulations will become more cannabis friendly in the near future and are
excited for the positive impact it can have on our company.”
To view the full press release, visit http://ibn.fm/jsS5E
About Cannabis Strategic Ventures Inc.
Cannabis Strategic Ventures is a Los Angeles-based firm that
incubates, develops and partners with category leaders within the cannabis
sector. The firm’s NUGS brand experience provides operational and financial
strategic partnerships and a range of essential services to emerging and
existing cannabis consumer brands. The company recently completed a name and
symbol change from Cascade Energy, Inc. and trades on the OTC Market. For more
information, visit the company’s website at www.CannabisStrategic.com
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